Bitcoin closed October in the red despite setting a new all-time high early in the month. BTC briefly surged to $126.2K in the first week of October 2025 before a sharp reversal led to a monthly decline, breaking with its typical seasonal strength.
The rally to record levels capped nearly two weeks of gains that began in late September near $109K. Days later, the market faced an abrupt correction. On the night of October 11, the crypto market saw the largest cascade of futures liquidations on record, with nearly $20 billion in positions wiped out within 24 hours. Following the flush-out, Bitcoin stabilized between $106K and $115K but did not revisit its early-month peak.
Historically, October and November rank among Bitcoin’s strongest months, giving rise to the “Uptober” moniker. This year, however, the market diverged from that pattern as heightened volatility and record liquidations overshadowed the initial breakout.
Looking ahead, traders will watch whether November can restore the market’s usual seasonal momentum or if October’s setback signals a more prolonged consolidation. For now, the message is clear: even at record highs, Bitcoin’s volatility remains a defining feature of the crypto market.